Apologies if this has already been asked but I have researched RTSO calculations and my personal tax liabilities but am having trouble working out my liability. My query relates to the following;
1. RSU Shares - my understanding is the tax due on these is withheld by my company so how do I work out any liability if I dispose of these shares? If I do not dispose of any in the financial year then there is no liability, correct?
If I do sell some shares then I am taxed at 52% on the profit ie sold price less original share price)
2. ESPP Shares - I have worked out the taxable amount (share price on date of issue less discount price and multiplied by .52)
If I do not dispose of any in the financial year then there is no liability, correct?
If I do sell some shares then I am taxed at 52% on the profit ie sold price less original share price)
3. If the total liability of the above is say, €2,000 then my liability is €2000-€1270 tax free amount = €730 (x 0.52) €379.60
Thanks in advance for any advice/corrections..
1. RSU Shares - my understanding is the tax due on these is withheld by my company so how do I work out any liability if I dispose of these shares? If I do not dispose of any in the financial year then there is no liability, correct?
If I do sell some shares then I am taxed at 52% on the profit ie sold price less original share price)
2. ESPP Shares - I have worked out the taxable amount (share price on date of issue less discount price and multiplied by .52)
If I do not dispose of any in the financial year then there is no liability, correct?
If I do sell some shares then I am taxed at 52% on the profit ie sold price less original share price)
3. If the total liability of the above is say, €2,000 then my liability is €2000-€1270 tax free amount = €730 (x 0.52) €379.60
Thanks in advance for any advice/corrections..